Will rates go up, down or remain unchanged?

 
Panel Prediction
Up Down Unchanged
33% 25% 42%
 

Will rates rise or remain relatively unchanged? Experts and Bankrate analysts predict where mortgage rates are headed over the next week.
This week (Nov. 24-Dec. 1), one-third of the panelists believe mortgage rates will rise over the next week, one-quarter think rates will fall and 42 percent believe rates will remain relatively unchanged (plus or minus 2 basis points).

Click on the three tabs above to read the comments and rate predictions of mortgage experts and Bankrate analysts.
Bankrate.com surveys experts in the banking and mortgage fields to see if they believe certificate of deposit and mortgage rates will rise, fall or remain relatively unchanged. For the deposit index, the panel comprises banks, thrifts and credit unions that directly offer FDIC-insured certificates of deposit to the end consumer. For the mortgage index, the panel comprises mortgage bankers, mortgage brokers and other industry experts who provide residential first mortgages to consumers. Results from Bankrate.com’s CD Rate Trend Index will be released monthly. Results from Bankrate.com’s Mortgage Rate Trend Index will be released each Thursday.

 
 

Will rates go up, down or remain unchanged?

Bob Moulton
Bob Moulton
President, Americana Mortgage Group, Manhasset, N.Y.
Rates are on the rise.
John Walsh
John Walsh
President, Total Mortgage Services, Milford, Conn.
I believe rates will increase in the coming week.
 
 

Will rates go up, down or remain unchanged?

Michael Becker
Michael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
The jump in mortgage rates since the announcement of the latest quantitative easing has seemingly played out. Given the still-fragile state of the economy and the emergence of more sovereign debt crises, I expect Treasury bonds and mortgage-backed securities to rally a bit, giving us slightly lower rates in the coming week.
Dan Green
Dan Green
Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Inflation concerns take a back seat to geopolitical and economic tension.
Dick Lepre
Dick Lepre
Senior loan officer, RPM Mortgage, San Francisco
The daily tech upcrossed to bullish Nov. 22. The shorter-term techs are oversold, and this is a week with trading thinned by the Thanksgiving holiday. But we should see recovery (higher prices, lower yields) for Treasuries next week and a dip in mortgage rates.
 
 

Will rates go up, down or remain unchanged?

Holden Lewis
Holden Lewis
Mortgage editor, Bankrate.com
Mortgage rates are likely to be volatile in a short week. Week to week, I don’t expect much change. But rates will go up and down during the day. Lock when you find a rate you’re comfortable with, and don’t look back.
Kevin Breeland
Kevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
Volatility is still the name of the game. European worries regarding debt will be around for some time. There seems to be a growing trend for safe-haven investments, short term, followed by deal-purchasing in the stock markets. With this constant flow back and forward, rates will struggle to settle anywhere. Right now, the market keeps pushing on the 200-day moving average and it appears this trend will continue. I am taking the position rates will remain unchanged over a week, but it will come with a roller coaster ride as well.
David Kuiper
David Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
After seeing mortgage bond pricing fall off a cliff over the last couple of weeks, with interest rates increasing slightly, rates seem to be stabilizing in a very narrow range. With international financial and political crises coming to the forefront this week, we’ve gained back a little of what we lost as investor money flees to the safety of bonds. While rates are slightly above their record-low levels established earlier this fall, rates continue to be very favorable. Consult your local mortgage professional today to see how you can take advantage of this historic opportunity.
Jim Sahnger
Jim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Rates popped up from earlier in the month and have recovered a bit. We will be waiting to hear what the “state of the consumer” is from weekend shopping and employers next week.
This is not a time to be bashful, though. Lock the great rates while you can and do some Black Friday shopping on your house payment and mortgage rate.
 
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